No. of Recommendations: 1
The bioheapleaching (or bioleaching) situation is like a retail company with a slow asset turnover ratio. They need something to overcome the drag of the slowness of bioleaching. Here, low cost for poor ores. In effect, a pipeline situation is set up, with N heaps, each of which goes through years of leaching. The last heap gets replaced with a new one. If an ore is rich enough for economic smelting, BL cannot compete, due to smelting's higher turnover. There is a minimum size to an effective heap, so a startup company has to keep the business going long enough for profitable operation, even if everything else is good. At least the final heap coming out of the pipeline is the useless rock, the useful minerals come out fastest from the newest stage pipeline heap, then slower later. Like all extractive businesses, this is by definition a depleting resource. Definitely only for the long-term investor.

With DNI metals having a property with several usable ore bodies, located near the oil sands where the needed sulfer is a by-product, a chance is being taken with a minimum sized tranche. An eye will be kept out, and if the price drops enough for no good reason, more may be bought. Early returns are not expected. I rate this as medium risk, high returns if successful.
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